Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Regions Eastern Virginia Deal announced to eliminate tolls in Portsmouth

Deal announced to eliminate tolls in Portsmouth

Published July 10, 2015 by Robert Powell, III

The commonwealth will use $78 million previously budgeted for a now-cancelled highway project to buy out tolls in Portsmouth.

Gov. Terry McAuliffe on Friday announced an agreement that he said ensures no tolls will be collected on the Martin Luther King (MLK) Freeway extension project. Money for the tolls had previoiusly been set aside for now-canceled Route 460 improvements in Southeast Virginia..

The governor’s office said the agreement also includes provisions designed to ease the burden of tolls connected to Midtown and Downtown tunnels projects.  These provisions would aid residents who struggle to pay tolls because of financial or medical problems or other circumstances, officials said.

The MLK extension, a new Midtown Tunnel now under construction, and the rehabilitation of the Midtown and Downtown tunnels are collectively known as the Elizabeth River Tunnels project.

In a statement, McAuliffe said the Elizabeth River Tunnels project was necessary to reduce congestion, increase safety and improve the economy,  but is “a bad deal reached under the prior administration.”

“We have worked with our private-sector partner to ensure there will be no tolls on the MLK extension.  Imposing a toll to finance the improvements would have placed an unfair burden on the citizens of Portsmouth,” he said. “It is not good policy for Portsmouth to bear the cost of this project when it is also sharing the tolling burden with other motorists in the region who travel the Midtown and Downtown tunnels.”

In connecttion with the Midtown and Downtown tunnels, Transportation Secretary Aubrey Layne said the project contractor, Elizabeth River Crossings (ERC), has agreed to pay $500,000 a year for 10 years to help offset the cost of tolls to those users who are the most financially stressed.

“I have directed Deputy Secretary of Transportation Grindly Johnson to lead this effort and work with the local community to ensure these monies are invested in the most beneficial way to ease the financial burden of tolls on those residents who need the help the most,” Layne said in a statement.

The cost for toll violations will be capped. The highest amount that ERC can charge for violations regarding unpaid tolls, fees and court costs cannot exceed $2,200.

Related Stories

Virginia Business logo

Chesapeake eatery location sells for $1.8 million

Virginia Business logo

Wheeler Real Estate Investment Trust will acquire Wheeler Development

Virginia Business logo

$59.6M hydroponic operation coming to Va. Beach

One of the East Coast's largest greenhouses, it will create 155 jobs

Trending

$100M donor gift to launch U.Va. biotech institute

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Amazon Web Services to invest $35B in Va. data center campuses

Report: Capital One cuts 1,100 jobs

Rivers Casino Portsmouth opens to big crowds

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

$100M donor gift to launch U.Va. biotech institute

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Amazon Web Services to invest $35B in Va. data center campuses

Report: Capital One cuts 1,100 jobs

Rivers Casino Portsmouth opens to big crowds

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk